Baidu (BIDU) Operating Expenses (2009 - 2026)
Baidu (BIDU) posted quarterly Operating Expenses of $4.2 billion for Q1 2026, up 8.73% year-over-year from $3.9 billion in Q1 2025, and down 6.33% quarter-over-quarter from $4.5 billion in Q4 2025.
Baidu (BIDU) Operating Expenses (2009 - 2026) Analysis & Trends
Baidu's Operating Expenses history runs 18 years deep, the most recent figure standing at $4.2 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 8.73% year-over-year to $4.2 billion; the TTM figure through Mar 2026 stood at $19.3 billion (up 22.11% YoY), while the FY2025 annual figure was $19.3 billion, up 25.89% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.2 billion, down from $4.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $6.5 billion in Q3 2025, with the low at $3.6 billion in Q1 2024.
- The 5-year median for Operating Expenses is $4.0 billion (2023), against an average of $4.1 billion.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses declined 16.73% in 2022, then surged 65.03% in 2025.
- Baidu's Operating Expenses stood at $4.1 billion in 2022, then advanced by 0.82% to $4.2 billion in 2023, then declined by 0.62% to $4.1 billion in 2024, then climbed by 8.02% to $4.5 billion in 2025, then retreated by 6.33% to $4.2 billion in 2026.
- Business Quant data shows BIDU's Operating Expenses at $4.2 billion in Q1 2026, $4.5 billion in Q4 2025, and $6.5 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | Tencent Music Entertainment | 26.85 Bn | 24.15 Bn | 514.00 Mn | -176.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.19 Bn |
| Dec 31, 2025 | 4.47 Bn |
| Sep 30, 2025 | 6.50 Bn |
| Jun 30, 2025 | 4.11 Bn |
| Mar 31, 2025 | 3.85 Bn |
| Dec 31, 2024 | 4.14 Bn |
| Sep 30, 2024 | 3.94 Bn |
| Jun 30, 2024 | 3.85 Bn |
| Mar 31, 2024 | 3.61 Bn |
| Dec 31, 2023 | 4.16 Bn |
| Sep 30, 2023 | 3.86 Bn |
| Jun 30, 2023 | 3.98 Bn |
| Mar 31, 2023 | 3.81 Bn |
| Dec 31, 2022 | 4.13 Bn |
| Sep 30, 2022 | 3.83 Bn |
| Jun 30, 2022 | 3.92 Bn |
| Mar 31, 2022 | 4.07 Bn |
| Dec 31, 2021 | 4.89 Bn |
| Sep 30, 2021 | 4.60 Bn |
| Jun 30, 2021 | 4.32 Bn |